Prepared: 8 December 2017 This Product Highlights Sheet is an important document It highlights the key terms and risks of this investment product and complements the Prospectus It is important to read the Prospectus before deciding whether to purchase units in the product. If you do not have a copy, please contact us to ask for one 1 You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus BlackRock Global Funds Global Multi-Asset Income Fund Product Type Investment Company Launch Date Class A: 28 Jun 2012 Class D: 8 Aug 2012 Management Company BlackRock (Luxembourg) S.A. Depositary The Bank of New York Mellon (International) Limited, Luxembourg Branch Trustee Not applicable Dealing Frequency Generally every business day in Luxembourg Capital Guaranteed No Expense Ratio Class A: 1.75% Class D: 1.00% (as at 31 August 2017) Name of Guarantor Not applicable WHO IS THIS PRODUCT SUITABLE FOR? The Fund is only suitable for investors who: PRODUCT SUITABILITY Seeks an above average income without sacrificing long term capital growth. Seeks to invest globally in the full spectrum of permitted investments including equities, equity-related securities, fixed income transferable securities, units of undertakings for collective investment, cash, deposits and money market instruments. Are informed investors willing to adopt capital and income risk. Further Information Refer to Investment Objective, Policy and Strategy on pages 8 to 44 information on product suitability KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a sub-fund of BlackRock Global Funds ( BGF ). BGF is an open-ended investment company incorporated in Luxembourg and its home regulator is the Commission de Surveillance du Secteur Financier (CSSF). Non-Distributing Shares do not pay dividends whereas Distributing Shares pay dividends Refer to The Company and The Funds on page 3 information on features of the product. 1 The Prospectus is available for collection at the offices Representative during normal business hours or accessible at www.blackrock.com/sg.
For Distributing (G), (R) and (S) Shares (if available): (i) dividends may come from capital of the Fund; (ii) this may reduce capital and the potential for capital growth of the Fund, and (iii) similar to other Distributing Shares, there is no guarantee of payout and the dividends may rise or fall. Investment Strategy The Fund invests globally in the full spectrum of permitted investments including equities, equity-related securities, fixed income transferable securities (which may include some high yield fixed income transferable securities), units of undertakings for collective investment, cash, deposits and money market instruments. This Fund distributes income gross of expenses. Currency exposure is flexibly managed. As part of its investment objective the Fund may invest up to 50% of its total assets in ABS and MBS whether investment grade or not. These may include asset-backed commercial paper, collateralised debt obligations, collateralised mortgage obligations, commercial mortgage-backed securities, credit-linked notes, real estate mortgage investment conduits, residential mortgage-backed securities and synthetic collateralised debt obligations. The underlying assets of the ABS and MBS may include loans, leases or receivables (such as credit card debt, automobile loans and student loans in the case of ABS and commercial and residential mortgages originating from a regulated and authorised financial institution in the case of MBS). The ABS and MBS in which the Fund invests may use leverage to increase return to investors. Certain ABS may be structured by using a derivative such as a credit default swap or a basket of such derivatives to gain exposure to the performance of securities of various issuers without having to invest in the securities directly. The Fund s exposure to contingent convertible bonds is limited to 20% of total assets. The Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management. WHO ARE YOU INVESTING WITH? Parties Involved The Management Company is BlackRock (Luxembourg) S.A. The Investment Advisers are BlackRock Investment Management (UK) Limited, BlackRock (Singapore) Limited and BlackRock Financial Management, Inc. The Investment Sub-Adviser is BlackRock Asset Management North Asia Limited. The Depositary is The Bank of New York Mellon (International) Limited, Luxembourg Branch. The Singapore Representative is BlackRock (Singapore) Limited. The Fund s choice of counterparties for its derivative transactions is not restricted. Refer to Investment Objective, Policy and Strategy and Use of Derivatives and Securities Lending on pages 8 to 44 and 54 to 58 information on investment strategy. Refer to The Company, Management and Administration and Other Parties on pages 3 to 7 information on the role and responsibilities of these entities. WHAT ARE THE KEY RISKS OF THIS INVESTMENT? KEY RISKS The price of Shares of the Fund and any income from them may fall as well as rise. These risk factors may cause you to lose some or all of your investment. The Fund may be subject to Credit Risk of Issuers Market and Credit Risks The Fund may be exposed to the credit/default risk of bonds that it invests in. In the event of bankruptcy or default of an issuer, the Fund may experience losses and incur costs. The actual or perceived downgrading of a rated debt security or its issuer could decrease the value and liquidity of the security, and may have an adverse impact on the Fund. However, the Fund may continue to hold it to avoid a distressed sale. Refer to Risk Factors on pages 46 to 50 of the Singapore Prospectus for further information on risks of the product
The Fund may be subject to Currency Risks Foreign currency exchange rate movements are likely to influence the returns to investors in Singapore, hence investors may be exposed to exchange rate risks. For Hedged Share Classes, while the Fund attempts to hedge currency risks, there can be no guarantee that it will be successful in doing so. The Fund may be subject to Emerging Market Risks The Fund may invest in one or more emerging markets and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks. The Fund may be subject to Foreign Investment Restrictions Risks Some countries prohibit or restrict investment, or the repatriation of income, capital or the proceeds from sale of securities. The Fund may incur higher costs investing in these countries. Such restrictions may delay the investment or repatriation of capital of the Fund. The Fund may be subject to Interest Rate Risks An increase in interest rates may adversely affect the value of the bonds held by the Fund. The Fund may be subject to Sovereign Debt Risks The Fund may invest in bonds issued or guaranteed by governments or authorities, which may involve political, economic, default, or other risks. The Fund may be subject to Equity Risks The values of equities fluctuate daily and can be influenced by many factors including issuer-specific factors and broader economic and political developments. Liquidity Risks Trading volumes in the underlying investments of the Fund may fluctuate significantly, due to factors including market development, market sentiment or regulatory/government intervention. An inability to readily sell investments at the desired time or price may negatively impact the Fund. Redemptions may be suspended in certain circumstances detailed in the Prospectus. The Fund may be subject to Capital Growth Risks Product Specific Risks The Fund pursues an investment strategy in order to generate income and may pay dividends from capital or net gains. Such investment strategies and/or dividend policies may reduce capital and the potential for capital growth and future income of the Fund. The Fund may be subject to Derivatives Risks The use of derivatives may expose the Fund to a higher degree of risk. Derivative contracts can be highly volatile and a relatively small market movement may have a potentially larger impact on derivatives than on standard bonds or equities. Leveraged derivative positions can hence increase the Fund s volatility. The Fund may sustain loss as a result of the failure of a derivatives counterparty to comply with the terms of the derivatives contract. The Fund may be subject to Non-Investment Grade Bonds Risks The Fund may invest in non-investment grade bonds. This may subject the Fund to higher credit/default risks, volatility and liquidity risks than investment grade bonds. The Fund may be subject to the risks of Securities Lending The Fund may engage in securities lending. As such, the Fund will have a credit risk exposure to the counterparties to any securities lending contract. The Fund s investments can be lent to counterparties over a period of time. A default by the counterparty combined with a fall in the value of the collateral below that of the
value of the securities lent may result in a reduction in the value of the Fund. The Fund may be subject to the risks of Bank Corporate Bonds Investing in corporate bonds issued by EU banks subjects the Fund to the risk of government bail-in action in the event the bank is unable to meet its financial obligations. A bail-in is likely to result in a reduction in value of some or all of the bank s bonds. The Fund may be subject to the risks of Contingent Convertible Bonds Investments in contingent convertible bonds involve a number of risks, including a higher degree of uncertainty and risk of capital loss, as compared to other debt or equity securities. The Fund may be subject to ABS and MBS Risks The obligations associated with these securities may be subject to greater credit, liquidity and interest rate risk compared to other fixed income securities such as government issued bonds. ABS and MBS are often exposed to extension risk (where obligations in the underlying assets are not paid on time) and prepayment risks (where obligations on the underlying assets are paid earlier than expected). These risks may have a substantial impact on the timing and size of the cashflows paid by the securities and may negatively impact the returns of the securities. FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by you ^ Initial Charge Class A: Up to 5%, Class D: Up to 5% Redemption Charge Conversion Fee Nil^ Nil^ A redemption/conversion charge of up to a maximum of 2% may be levied where excessive trading by a shareholder is suspected. For more information about distributors charges, please contact the relevant distributor through which you acquire your Shares. Payable by the Fund from invested proceeds Management Fee 2 Administration Fee 2 Class A: 1.50% p.a., Class D: 0.60% p.a. Currently up to 0.25% p.a. Refer to Fees, Charges and Expenses on page 45 and Appendix 1 Prospectus for further information on fees and charges Depositary Fees Securities Lending Fee Safekeeping fees: From 0.0024% to 0.45% p.a. Transaction fees: From US$5.5 to US$124 per transaction The securities lending agent, BlackRock Advisors (UK) Limited, receives remuneration up to 37.5% of the net revenue from securities lending, with all operational costs borne out of BlackRock s share. VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The net asset value of the Class A and Class D Shares for the previous dealing day may be obtained from the Singapore Representative or an appointed Singapore distributor and will also be published on www.blackrock.com.sg. Refer to Obtaining Price Information and Redemptions on pages 53 and 52 of the Singapore Prospectus for 2 The combined Management and Administration Fees may be increased to up to a maximum of 2.25% in total by giving Shareholders 3 months notice.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? The Fund does not offer a cancellation period to investors. You may request to redeem your shares on any Dealing Day which is a business day in Singapore. Redemption proceeds are determined as follows: Redemption requests submitted through the Singapore Representative or appointed distributors and on-sent to the Investor Servicing Team by 6:00pm Singapore time) 3 on any Dealing Day which is a business day in Singapore, will be accepted for that day s dealing. Redemption requests received by the Investor Servicing Team after this cut-off will be accepted for dealing on the next Dealing Day. An example of how the redemption proceeds are calculated is as follows: 1,000 Shares X $1.50 4 = $1,500 Redemption request Net Asset Value per Share Redemption proceeds Redemption payments will normally be dispatched on the third Luxembourg business day after the relevant dealing day. HOW DO YOU CONTACT US? BlackRock (Singapore) Limited #18-01 Twenty Anson, 20 Anson Road, Singapore 079912 Telephone: +65 6411-3000 Email: clientservice.asiapac@blackrock.com Website: www.blackrock.com.sg CONTACT INFORMATION further information on valuation and exiting from the product Dealing Day means any Luxembourg business day on which the Fund is open for dealing 3 The Singapore Representative and appointed Singapore distributors may impose their own more restrictive dealing deadlines on Shareholders in order to meet the Investor Servicing Team s dealing cut-off. 4 For illustrative purposes only.